Wednesday, December 22, 2010

He who has the gold rules!

With the gold price being bullish for nearly the last 10 years, I would say at present its a Golden Opportunity. Many people now are seeing the full value in owning Physical gold, the is evident in asian countries  where physical gold is traded over the counter on a daly basis. Interesting fact that I found out the other day was that Thailand has a larger Gold reserve than that of Australia, Thailand having 99.5 metric tonnes of Gold and Australia only having 79.9 metric tonnes. With the Chinese government also pushing its citizen towards the value of holding physical gold, maybe in the years to come we will see the east as a large holder of the worlds available gold reserves.

Checking the gold price today it had moved higher on the news that revision to the upside of GDP turned out to be lower than expected in the U.S. The U.S dollar is also trending lower on the back of this news against the Euro.

For more gold information visit www.easygoldinvestment.com





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